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FORM 10-QSB/A
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
(Mark One)
[ X ] Quarterly Report Under Section 13 or 15(d) of the Securities Exchange
Act of 1934
For the quarterly period ended September 30, 1996
[ ] Transition report under Section 13 or 15(d) of the Exchange Act
For the transition period from to
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Commission File No. 0-13668
CORPUS CHRISTI BANCSHARES, INC.
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(Exact name of Registrant as specified in its charter.)
Texas 74-2351663
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(State or other jurisdiction of (I.R.S. Employer Identification No.)
Incorporation or Organization)
2402 Leopard Street, Corpus Christi, Texas 78408
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(Address of Principal Executive Offices) (Zip Code)
(512) 887-3000
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(Registrant's Telephone Number, Including Area Code)
Check whether the issuer: (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act of 1934 during the past twelve months
(or for such shorter period that the registrant was required to file such
reports), and (2) has been subject to such filing requirements for the past 90
days.
Yes [ X ] No [ ]
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.
Class Outstanding at November 12, 1996
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COMMON STOCK, $5.00 PAR VALUE 1,600,200
Transitional Small Business Disclosure Format (check one):
Yes [ ] No [ X ]
1
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PART II
OTHER INFORMATION
Item 6. Exhibits and reports on Form 8-K.
(a) Exhibits: See Index to Exhibits, Page 4.
(b) The Company was not required to file any report on Form 8-K during
the nine-month period ending September 30, 1996.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
CORPUS CHRISTI BANCSHARES, INC.
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REGISTRANT
Date: November 14, 1996 /s/John T. Wright, III
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John T. Wright, III
Chairman of the Board
Date: November 14, 1996 /s/R. Jay Phillips
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R. Jay Phillips
President and Chief Executive Officer
Date: November 14, 1996 /s/Jimmy M. Knioum
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Jimmy M. Knioum
Treasurer
2
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-------------------
EXHIBITS
TO
FORM 10-QSB
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
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For the Quarter Ended September 30, 1996
Commission File Number 0-13668
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CORPUS CHRISTI BANCSHARES, INC.
3
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CORPUS CHRISTI BANCSHARES, INC.
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
EXHIBIT
NUMBER DESCRIPTION
- ------- -----------
<S> <C>
2.1 - Agreement and Plan of Merger dated as of 30th day of September, 1996 by and
among Cullen/Frost Bankers, Inc., R.E. Holding Corporation, and Corpus
Christi Bancshares, Inc. (incorporated herein by reference to Exhibit 2.1
of the Company's Form 8-K, Current Report, filed with the Securities and
Exchange Commission on October 16, 1996.
27 - Amended Financial Data Schedule
</TABLE>
4
<TABLE> <S> <C>
<ARTICLE> 9
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1995
<PERIOD-END> DEC-31-1996
<CASH> 16,640,780
<INT-BEARING-DEPOSITS> 86,357
<FED-FUNDS-SOLD> 31,750,000
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 71,413,087
<INVESTMENTS-CARRYING> 5,013,587
<INVESTMENTS-MARKET> 5,138,408
<LOANS> 108,188,603
<ALLOWANCE> 2,111,153
<TOTAL-ASSETS> 240,134,096
<DEPOSITS> 218,682,649
<SHORT-TERM> 0
<LIABILITIES-OTHER> 4,586,831
<LONG-TERM> 0
0
0
<COMMON> 8,000,000
<OTHER-SE> 8,864,616
<TOTAL-LIABILITIES-AND-EQUITY> 240,134,096
<INTEREST-LOAN> 7,089,874
<INTEREST-INVEST> 3,883,774
<INTEREST-OTHER> 7,812
<INTEREST-TOTAL> 10,981,465
<INTEREST-DEPOSIT> 4,010,227
<INTEREST-EXPENSE> 4,227,533
<INTEREST-INCOME-NET> 6,753,932
<LOAN-LOSSES> 0
<SECURITIES-GAINS> 0
<EXPENSE-OTHER> 6,737,417
<INCOME-PRETAX> 2,565,183
<INCOME-PRE-EXTRAORDINARY> 1,683,978
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 1,683,978
<EPS-PRIMARY> .99
<EPS-DILUTED> .99
<YIELD-ACTUAL> .041
<LOANS-NON> 1,264,262
<LOANS-PAST> 95,828
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 3,626,555
<ALLOWANCE-OPEN> 2,542,513
<CHARGE-OFFS> 1,070,445
<RECOVERIES> 639,085
<ALLOWANCE-CLOSE> 2,111,153
<ALLOWANCE-DOMESTIC> 2,111,153
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 0
</TABLE>
